Month: December 2024

“MODON signs 23 contracts worth SAR 1.75 billion to develop industrial cities

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Reading time: 2 MinutesThe Saudi Authority for Industrial Cities and Technology Zones (MODON) signed 23 contracts with the private sector worth over SAR 1.75 billion to develop and complete infrastructure and superstructure projects in several industrial cities. This comes as part of MODON’s ambitious development plans launched in 2024 to enhance the investment environment in industrial cities through partnerships with the public and private sectors, in line with the objectives of the strategy… Read more

ROSHN Group breaks ground on Al Manar community in Makkah

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Reading time: < 1 MinuteUnder the patronage of His Royal Highness Prince Khalid bin Faisal bin Abdulaziz, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah Region, Roshen Group, a Public Investment Fund company, held a groundbreaking ceremony for Al Manar, Roshen Group’s first residential community in Makkah. The ceremony took place at the project site, in the presence of His Excellency the Mayor of the Holy City, Mr. Musaed Al-Dawood, and the Chairman… Read more

VIDEO How Saudi Arabia overcame the challenges of rising construction and real estate development costs

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Reading time: 2 MinutesFaced with rising construction and real estate development costs, the Kingdom of Saudi Arabia has demonstrated its ability to effectively address these challenges through innovative policies and proactive solutions implemented by the Ministry of Municipal and Rural Affairs. These measures have ensured the continued execution of housing projects and the achievement of Vision 2030's goals in the housing and urban development sector. In recent years, global and regional factors have impacted the construction sector, such as rising prices for raw materials like cement… Read more

Riyadh Municipality Announces 19 Investment Opportunities to Boost Growth in the Capital

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Reading time: < 1 MinuteThe Riyadh Municipality has launched 19 new investment opportunities aimed at creating an attractive investment environment that supports business development and achieves comprehensive economic prosperity, thereby developing Riyadh and enhancing its economic standing. This initiative strengthens partnerships with the private sector and aims to achieve a qualitative leap in the development of public services and facilities to meet the aspirations of the city's residents and visitors. Based on a comprehensive development vision, the initiative aims to… Read more

Real Estate Registry begins registration for 370 plots in 4 neighborhoods in Medina

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Land Registry - First In-Kind Registration

Reading time: < 1 MinuteThe Land Registry announced today that it has begun accepting applications for initial registration of 370 parcels of real estate in four neighborhoods in Madinah. The registration covers the following neighborhoods: (part of the Central District, part of the Bada’a neighborhood, part of the Al-Nqa neighborhood, and the Al-Manakha neighborhood). Property owners located within these neighborhoods must register their properties by the end of March 31, 2025, corresponding to 2 … Read more

Emir of Sharqiya sponsors the restoration of 1,000 homes in the region

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Residential program

Reading time: 2 MinutesHis Royal Highness Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province and Honorary President of the “Tarmeem” Association, patronized the ceremony held by the association yesterday at the Governorate headquarters. The ceremony, titled “Tarmeem Millennium,” celebrated the completion of the restoration of 1,000 homes for the association's beneficiaries. A number of officials and supporters were in attendance. His Highness also inaugurated the first mobile maintenance workshop of the “Saudi Pioneering Technicians” initiative and listened to a presentation from the technicians… Read more

Emir of Qassim reviews the achievements of the developmental housing program Providing 3851 housing units

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Reading time: < 1 MinuteHis Royal Highness Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of Qassim Region, chaired the 20th meeting of the Executive Committee for Developmental Housing in the region yesterday at his office in the Governorate, in the presence of officials from relevant authorities. The meeting reviewed the achievements of the developmental housing program, which has provided 3,851 housing units, with more than 51,000 volunteers participating. Read more

Extension of Qualification Period for Developers of Transportation Site and Station Development Projects in Mecca and the Holy Sites

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Residential program

Reading time: < 1 MinuteThe Royal Commission for Makkah City and the Holy Sites, represented by the Public Transport Center, has announced an extension to the prequalification period for real estate developers and transport operators in Makkah for projects to develop transport sites and stations in Makkah. The new deadline for submitting participation requests is January 8, 2025, and the deadline for submitting prequalification requirements is January 20, 2025. It is worth noting that the center… Read more

“National Housing announces the execution of contracts for the sale of more than 82% in Khiala destination in Jeddah worth 2.6 billion riyals

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Reading time: < 1 MinuteKhayala, one of the urban developments being developed by NHC in Jeddah, has witnessed sales exceeding 821 TP3T out of the total units offered, with a total of over 2,900 residential units. This reflects the strong demand for Khayala's projects, which combine modern design with high quality, making it one of the most prominent urban destinations that meets market aspirations and customer expectations. According to… Read more

Development of Al Khobar's waterfront begins on 265,000 square meters

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Reading time: < 1 MinuteThe Eastern Province Municipality has begun developing the Khobar waterfront, covering an area of over 265,000 square meters. The project, being implemented in several phases, aims to enhance Khobar's position as a leading destination for tourism, residence, and work, and will provide visitors to the Corniche with a unique opportunity to enjoy various recreational and sporting activities. The project is particularly important for its contribution to developing Khobar's infrastructure, especially in… Read more

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